Resources Connection (NAS:RGP) Cost of Goods Sold

: $462.5 Mil (TTM As of May. 2023)

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Resources Connection's cost of goods sold for the three months ended in May. 2023 was $108.7 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in May. 2023 was $462.5 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Resources Connection's Gross Margin % for the three months ended in May. 2023 was 41.05%.

Cost of Goods Sold is also directly linked to Inventory Turnover.

Resources Connection Cost of Goods Sold Historical Data

The historical data trend for Resources Connection's Cost of Goods Sold can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Resources Connection Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Cost of Goods Sold

446.56

427.87

388.11

488.38

462.50

Resources Connection Quarterly Data
	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23
Cost of Goods Sold																127.36	120.60	118.01	115.17	108.73

Resources Connection Cost of Goods Sold Calculation

Cost of Goods Sold is the aggregate cost of goods produced and sold, and services rendered during the reporting period. It excludes Total Operating Expense, such as Depreciation, Depletion and Amortization and Selling, General, & Admin. Expense.

Cost of Goods Sold for the trailing twelve months (TTM) ended in May. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $462.5 Mil.

Resources Connection (NAS:RGP) Cost of Goods Sold Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Resources Connection's Gross Margin % for the three months ended in May. 2023 is calculated as:

Gross Margin %	=	(Revenue	-	Cost of Goods Sold)	/	Revenue
	=	(184.449	-	108.731)	/	184.449
	=	41.05 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Cost of Goods Sold is also directly linked to another concept called Inventory Turnover:

Resources Connection's Inventory Turnover for the three months ended in May. 2023 is calculated as:

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	108.731	/	0
	=	N/A

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher inventory turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate inventory turnover. An average inventory is a better indication.

Resources Connection Cost of Goods Sold Related Terms

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Resources Connection (NAS:RGP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Resources Connection Inc (NAS:RGP) » Definitions » Cost of Goods Sold

Comparable Companies

Traded in Other Exchanges

RCO:Germany

Address

17101 Armstrong Avenue, Suite 100, Irvine, CA, USA, 92614

Website

https://www.rgp.com

Resources Connection Inc provides consulting and business initiative support services primarily through its operative subsidiary, Resources Global Professionals. It has two segments RGP ( Resources Global Professionals.) and Other segments. The company offers transformation and improvement, financial reporting and analysis, strategy development, and program and project management services and support. Its clients operate in the accounting, finance, corporate governance, risk and compliance management, corporate advisory, strategic communications and restructuring, information management, human capital, supply chain management, and legal and regulatory sectors.

Executives

Susan Collyns	director	6053 W CENTURY BLVD STE 1100, C/O CALIFORNIA PIZZA KITCHEN INC, LOS ANGLES CA 90045-6430
David P White	director	17101 ARMSTRONG AVE., STE 100, IRVINE CA 92614
Lisa Pierozzi	director	17101 ARMSTRONG AVE, STE 100, IRVINE CA 92614
Timothy L Brackney	officer: President and COO	17101 ARMSTRONG AVE, STE 100, IRVINE CA 92614
Jennifer Y Ryu	officer: Interim CFO	17101 ARMSTRONG AVE, STE 100, IRVINE CA 92614
Kate W Duchene	officer: President & CEO	17101 ARMSTRONG AVE, STE 100, IRVINE CA 92614
Michael H Wargotz	director	AXCESS WORLDWIDE, 515 MADISON AVE., 15TH FLOOR, NEW YORK NY 10022
Anne Shih	director	17101 ARMSTRONG AVENUE, IRVINE CA 92614
Maltzan Marco Von	director	17101 ARMSTRONG AVE, STE 100, IRVINE CA 92614
Herbert M Mueller	officer: CFO & EVP
Susan J Crawford	director	17101 ARMSTRONG AVE, IRVINE CA 92614
Tracy B Stephens	officer: EVP & COO	360 WESTMINSTER, HOUSTON TX 77024
Nathan W Franke	officer: EVP and Chief Financial Office	17101 ARMSTRONG AVE, IRVINE CA 92614
Robert F Kistinger	director	17101 ARMSTRONG AVE, STE 100, IRVINE CA 92614
Thomas Christopoul	director	RESOURCES CONNECTION INC, 17101 ARMSTRONG AVENUE, IRVINE CA 92614